Your guide to getting a flood insurance plan

Protect your home from floods by getting the right insurance.

09:18 26 July 2013

There is no doubt that your home is one of your biggest investments. Thus, it’s important to ensure that it is protected against any unforeseen incident. The one thing that you need to prepare for is floods.

Keep in mind that regular home insurance does not typically offer coverage against flood thus, you’ll need to get a supplemental policy. Below are the things that you need to consider when looking for the best one:

• Overall cost. There are several insurance companies out there that are offering this supplemental policy but not all of them charge the same rate.

 

• Level of coverage. Getting the most expensive coverage is not always necessary. Get the type of policy that meets your specific needs and demands.

For example, if you don’t have too many valuables inside your home, getting the coverage that offer the highest amount of pay out for valuables may not be necessary. 

• Turnaround service. Before you take out a policy, know how much fast your insurer will process your claim in case of flood. Of course, you would want to make sure that they’ll process your claim ASAP.